Course price

Discounts

10% group discount is available for registering 3 or more participants from the same company.

Overview

The commercial and legal issues involved in selling ships for recycling are complex and far-reaching. The main concern is the safety of workers and the protection of the environment when ships are recycled, as well as ensuring that proper procedures are followed regarding worker rights and the further downstream management of hazardous and other wastes.

The IMO Hong Kong Convention, which will enter into force in June 2025, and its accompanying guidelines, as well as the Basel Technical Guidelines on ship recycling, aim to ensure that ships are recycled in a safe and environmentally friendly manner. The HKC also requires that contracts between ship owners and recycling yards are in place before any recycling work is undertaken. Furthermore, certain legal requirements must be met in order for ships to be recycled, such as obtaining the necessary certificates and permits. Finally, the recycling process must be conducted in a manner that complies with international standards and conventions.

Shipowners with ships flying the flag of an EU Member State face additional challenges of recycling those vessels in a manner that complies with regional legal requirements and environmental standards. This recycling can only occur at approved recycling facilities included in the EU list, leaving the shipowners with limited recycling options. As a result, those shipowners are facing additional difficulties, such as a ban on going to facilities in no-OECD States, even if any would be on the EU list, depending on the location of the ship when it becomes end of life. In an industry operating continuously at the global level, this creates major legal uncertainties and a serious distortion of competition between ships flying the flag of an EU Member State and other ships.

Watch the BIMCO movie: “Ship recycling: Time for Change”
https://www.bimco.org/trending-topics/recycling

What will you learn?

• Understand the regulatory framework governing ship recycling and its implications for shipowners.

• Recognise the economic and environmental benefits of ship recycling and how to evaluate the cost-effectiveness of recycling options.

• Appreciate the importance of proper documentation and record-keeping in the ship recycling process.

Day 1 (90 Minutes)
• Overview of the critical areas of risk associated with ship recycling.
• The legal and commercial implications of the Hong Kong Convention and the Basel Convention.
• The EU legal framework with regards to ship recycling and its impact on ship owners
• The role of the European regulators in the implementation of the EU Ship Recycling Regulation.

Day 2 (90 Minutes)
• The commercial and legal implications of international legislation when choosing the location of recycling.
• Overview of the role of classification societies in the ship recycling process.
• How to prepare a ship for recycling
• Overview of The Ship Recycling Transparency Initiative (SRTI) and its role in the international ship recycling industry.
• Understanding the legal and commercial aspects of ship recycling contracts, including RECYCLECON

Starting time (for both sessions 1 and 2):

10:00 UTC

See the time in your local time zone.

Why choose to participate?

Participating in the BIMCO 180 seminar offers a strategic advantage in navigating the complex landscape of ship recycling. In a condensed format of 2 x 90 minutes, the seminar touches upon into the multifaceted dimensions of commercial and legal considerations, imperative for shipowners facing the ship recycling.

At its core, the seminar covers the pivotal role of regulatory frameworks like the IMO Hong Kong Convention and the Basel Convention in ensuring safe and environmentally conscious ship recycling practices. Understanding these protocols is not just a matter of compliance but a commitment to safeguarding workers' safety and environmental integrity. Moreover, the seminar unravels the complexities of the EU legal framework, illuminating the distinctive challenges faced by shipowners under its jurisdiction.

By choosing to participate in the BIMCO 180 seminar, stakeholders not only enhance their understanding of the ship recycling landscape but also empower themselves to make informed decisions that uphold industry standards, foster environmental sustainability, and ensure compliance with evolving regulatory frameworks.

How will this course help your professional development?

By participating in the BIMCO 180 you will learn more about the issues and complexities of ship recycling, focusing on the key commercial and legal challenges.

Through an examination of regulatory frameworks like the IMO Hong Kong Convention and the Basel Convention, participants understand the importance of safety and environmental standards and provides insights into EU legal frameworks aid in navigating regional challenges. You will enhance your skills in evaluating the economic and environmental aspects of recycling options.

Course materials

BIMCO issues electronic course files as an Adobe PDF file enabling you to make personal notes. All documentation and presentations will be in English. Course access details will be provided a week before the course start date if the registration is completed.

Speakers

Organiser